Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The benefits under this Agreement are unfunded, and the Company will make benefit payments solely on a current disbursement basis from the Company’s general assets. Notwithstanding anything herein to the contrary, the Executive and the Executive’s Surviving Spouse, if any, shall have the status of general unsecured creditors of the Company.

Unfunded Arrangement. The benefits under this Agreement are unfunded, and the Company will make benefit payments solely on a current disbursement basis from the Company’s general assetsbasis. Notwithstanding anything herein to the contrary, the Executive and the Executive’s , Surviving Spouse, if any, and any beneficiaries of the Executive shall have the status of general unsecured creditors of the Company.

Unfunded Arrangement. The benefits under this Agreement are unfunded, and the Company will make benefit payments solely on a current disbursement basis from the Company’s general assets. Notwithstanding anything herein to the contrary, the Executive Executive, and the Executive’s Surviving Spouse, if any, shall have the status of general unsecured creditors of the Company.

Unfunded Arrangement. The benefits under this Agreement are unfunded, and the Company will make benefit payments solely on a current disbursement basis from the Company’s general assets. Notwithstanding anything herein to the contrary, the Executive and the Executive’s Surviving Spouse, if any, beneficiary or beneficiaries shall have the status of general unsecured creditors of the Company.